crude oil
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People & Money
Oil Prices Rising as Imminent Coronavirus Vaccine Lifts Bonny Light by $2.73
Oil prices climbed further on Tuesday following Pfizer’s announcement that trials have shown that its candidate vaccine is effective in…
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People & Money
Goldman Sachs Slashes 2021 Oil Forecast Due to Pandemic Resurgence
Goldman Sachs on Monday lowered its 2021 price forecast for international benchmark Brent Crude, after earlier projecting a bullish outlook…
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People & Money
Oil Exploration to Recommence in the Chad Basin-Timipre Sylva
The Nigerian government will restart the search for oil in the Lake Chad Basin after three years of cessation of…
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People & Money
Shell to Close Major Refinery Amid Pandemic-related Slump in Fuel Demand
Multinational energy company Royal Dutch Shell will shut down one of its major oil refineries in the United States later…
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People & Money
Dangote Refinery Reaches 80% completion, to Start Selling Petrol Next Year
Dangote Group said it will start the sale of petroleum products from its refinery in the last quarter of 2021…
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People & Money
Oil Prices Slide Further as U.S. Producers Restore Output, but Nigeria’s Bonny Light Gains $0.30
Oil prices declined for the second successive session on Monday, with United States producers restoring output, following a lull in…
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People & Money
Oil Prices Dip After Norway Oil Workers Halt Strike; Nigeria’s Bonny Light up $0.30
Oil prices slid by over 1% on Friday, following the cessation of a labour action by oil workers in Norway…
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People & Money
Washington Tribunal Clears Nigeria of Culpability in $1.5bn Oilfield Claim
Nigeria has won a long-running legal tussle over an oilfield, averting the award of $1.5 billion in damages, Bloomberg reported…
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People & Money
Buhari’s PIB to Open NNPC to Nigerian and Foreign Investors
The proposed Petroleum Industry Bill (PIB) will create an opportunity for Nigerian and foreign investors to buy shares in the…
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People & Money
NNPC Says Its Trade Surplus Grew By 858% in One Month
The Nigerian National Petroleum Corporation (NNPC) Thursday said that the value of products it exported in July 2020 grew by…
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